The lowest commercial real estate loan rate of 2024.

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If you are referring to a commercial real estate loan rate of 4.89% in 2024, that would be considered quite competitive. Generally, commercial real estate loan rates in 2024 range from around 4.8% to 7%, depending on the loan structure, term, and creditworthiness of the borrower. Factors like the loan-to-value ratio (LTV), property type, and the lender's policies also play a role.

Rates this low (4.89%) are typically available for borrowers with strong credit, and solid business financials, and for certain government-backed loans, such as SBA 504 loans. These SBA-backed loans often offer lower rates than conventional loans due to the government guarantee.

To secure such a low rate, it's essential to compare lenders and potentially work with institutions that offer favorable terms for specific property types or business profiles.